Tag Fed

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Gold price and dollar rise slightly

Gold futures closed higher on Tuesday (Sept. 27), supported by a slight dollar appreciation. Investors remain concerned about the Federal Reserve (Fed) rate hike. The dollar index against the six major currencies in a basket of currencies rose only 0.0009%,…

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Gold futures fell $12.20 to open the week

Gold futures prices fell today under pressure from the appreciation of the dollar, and concerns about the acceleration of interest rate hikes by the U.S. Federal Reserve (Fed) The dollar index rose 0.66% this morning against the six major currencies…

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Fed raises interest rates by 0.75% as expected

At its meeting yesterday, the Federal Reserve’s Monetary Policy Committee (FOMC) decided to raise the short-term interest rate by 0.75% to 3.00-3.25%, in line with market expectations. The Fed has raised interest rates for the third time in a row…

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Gold rises after Putin escalates the Ukraine war

Gold futures closed higher on Wednesday (Sept. 21), driven by investors buying gold as a safe haven after Russian President Vladimir Putin announced a mobilization of troops to escalate the war with Ukraine. Russian President Vladimir Putin yesterday announced the…

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Gold closed $6.2 higher as inflation expectations declined

Gold futures closed higher on Friday (Sept. 16) after a consumer confidence report was released in the U.S. that showed inflation expectations also fell. The decline in U.S. equity markets also prompted investors to buy gold contracts as a safe…

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The yield on U.S. Treasury notes climbed above 3.9%

U.S. Treasury note yields continued to rise today as the Federal Reserve (Fed) is set to raise interest rates by 0.75-1.00% at its monetary policy meeting next week. The yield on the 2-year U.S. Treasury note, which response to the…

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